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The Breakfast Briefing: Wall Street Set For A Slightly Higher Open Amid Earnings
FYI: Global stocks advanced Monday, as proposed Chinese tax cuts drove bumper gains for Chinese equities that fed into milder increases for European markets.
The Shenzhen A Share was up nearly 5% while the Shanghai Composite was up around 4%, continuing a rally in Chinese stocks that began at the end of last week. Japan’s Nikkei was up 0.4%.
The Stoxx Europe 600 was up 0.3% in early trade. The Italian FTSE MIB was up 0.8% and yields on the nation’s bonds fell after an Italian credit-rating downgrade came, in line with expectations. Yields move inversely to prices.
U.S. futures pointed to modest gains of 0.2% for the S&P 500 and 0.1% for the Dow Jones Industrial Average. Regards, Ted
